The new chief executive officer of United America Indemnity Group envisions overseeing a specialty insurance group with three distinct operating units, including one that will command larger slices of the program business and casualty brokerage markets at some future time.
But with a property-casualty specialty insurance market at a point that's not ideal for rapid growth, putting building blocks in place for growth is the near-term task at hand, according to Larry Frakes, who took the helm in late June.
"As the market continues to soften, it's the perfect time to build infrastructure, staff and resources," he said.
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